SOFTBANK

Named the "Opportunity Growth Fund", its total initial size is less than a typical single investment by the $100 billion Vision Fund, which is headed by Claure's rival Rajeev Misra, and will focus on African Americans and Latinos in the U.S..

This time it’s clear, startups will have to understand that businesses have always been started to make money, even if the journey to that goal is long. The endgame is only one — until, of course, you’re a not-for-profit gig.

SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.

ADIA follows Mubadala, the sister firm of the UAE’s largest sovereign wealth fund, which has already been in negotiations with Reliance Industries that owns Jio Platforms. It is not clear how much each of the funds will invest. Both entities, along with Saudi Arabia’s sovereign wealth fund Public Investment Fund, may invest close to $2 billion in RIL’s digital business unit.

SB Energy, renewable energy arm of SoftBank, has mandated Bank of America Merrill Lynch and Barclays to help raise $500-$750 million in SBG Cleantech — it’s 80:20 joint venture with Bharti, multiple people aware of the development said.

That first buyback, announced in mid-March, initially failed to lift SoftBank’s stock amid concerns the conglomerate’s portfolio of startups is vulnerable to the economic shock from the coronavirus pandemic.